Income inequality a drain on the economy

Income inequality is not just a standalone problem; it can also be a drain on the overall economy.

Recent reports of Americans losing 40 percent of their wealth, with the middle-class facing the brunt of the losses, were followed by news reports about the widening income gap. While income equality is a problem in and of itself, evidently it can also be a problem for the overall economy. Nobel laureate winning economist Joseph Stiglitz discusses the conundrum we face in this video.